How Japan created its naphtha supply bottleneck
With no end in sight for the Iran war, supply chain bottlenecks for the oil-derived material are set to continue, prompting calls for government-enforced energy saving measures.
"NAPHTHA" · 총 14건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 88,121건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,378건(5.0%)·중립 81,588건(92.6%)·부정 2,155건(2.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.7(중도 균형)입니다.
With no end in sight for the Iran war, supply chain bottlenecks for the oil-derived material are set to continue, prompting calls for government-enforced energy saving measures.
The lower ratings in two of three recent media polls come amid concerns over rising prices and the availability of crude oil-derived naphtha due to the Middle East conflict.
The Middle East is Japan’s main source of crude oil, from which naphtha is extracted and used to make items including printing ink and plastics Takeaways, supermarkets, and bakeries in Japan are running out of plastic bags, trays and food service gloves amid widening shortages of the key plastic ingredient, naphtha, due to the Middle East crisis. The food sector accounts for nearly one-third of Japan’s annual plastic use of more than 8m tonnes, and price rises and shortages are hitting hard across the industry and beyond. Some outlets have begun offering perks to customers who bring their own bags, plates or containers. Continue reading...
As the turmoil in the Middle East drags on, concerns have been raised over shortages of naphtha, which is refined from crude oil. While Japanese Prime
Japan is slipping towards a banana shortage crisis, the latest disruption linked to the Middle East conflict. The reason: the country ships in the tropical fruit while it is still green, then ripens it in rooms filled with ethylene before bunches reach store shelves. Supplies of the naphtha-derived gas are running low in an economy that imports more than 90 per cent of its crude oil. Japan bought about 1 million tonnes of bananas last year, making the fruit one of the country’s most important...
The country ships in the tropical fruit while it's still green, then ripens it in rooms filled with ethylene, but supplies of the naphtha-derived gas are running low.
Towngas on Monday said it is in discussions with the government to raise gas fees due to the latest energy price spikes caused by the conflict in the Middle East. Peter Wong, the managing director of Hong Kong's sole gas provider, told a press conference that the prices of naphtha, which accounts for about 40 percent of the raw materials for producing gas, has doubled since the start of the year. "We are currently under pressure to raise charges and we're in close communication with the government over the extent of the price increase. It's also because of the rise in energy prices and inflation," he said. "As to when a decision will be made, It's up to the government. But if we look back to two years ago, our previous price increase was implemented on August 1," he added. Wong, however, did not give a timeline on when the prices would go up. He noted that the firm has so far saved more than HK$20 billion on fuel costs for local customers because of its long-term "take or pay" contract with a supplier in Australia to secure natural gas. Under their 25-year agreement, signed in 2006, the Australian firm would supply natural gas to Towngas for fixed prices during the period. Towngas has also started negotiations with the Australian supplier over the new prices of their contract as the current one is set to expire in 2031, but "it's difficult to assess the new pricing", Wong said. Separately, he forecast that the city's total gas consumption would decline by three percent year-on-year in the first half of the year, partly because of the high temperatures that has reduced residential demand. But he added that the decline is likely to be smaller for the full year, pointing to a recent increase in gas consumption in the hotel and catering sectors. Meanwhile, Wong expressed optimism over the Northern Metropolis development, noting the company is laying pipelines to meet the demand of the expected additional 1.5 million residents and commercial users there. Edited by Aaron Tam
It is unclear when the situation will improve, and it could also have an impact on consumers in the form of higher housing prices or delayed construction.
TOKYO (Kyodo) -- Japan's domestic production of naphtha, an oil derivative necessary to make chemicals used in a wide range of products, fell 22.8 per
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TOKYO (Kyodo) -- Japan's imports of oil-derived naphtha plunged 47.0 percent to 1.14 million kiloliters in April from a year ago, government data show